The Ethiopian Capital Market Authority (ECMA) has granted a final one-month extension, until April 9, 2025, for publicly held companies to submit crucial documents related to their existing shares, as mandated by Directive No. 1030/2024. This extension addresses requests and allows for further submissions from companies with over 50 shareholders, including those currently raising capital.
Hi there! 👋 Biritu here with your Friday for Knowledge session! As another week comes to a close, it’s time to fuel our minds with insights that matter. In this edition of Friday for Knowledge, we dive into thought-provoking Fundamental vs. Technical Analysis. Investing, especially in a developing economy like Ethiopia, can feel like navigating
The Ethiopian Capital Market Authority (ECMA) has granted a Securities Investment Advisor license to Ethio Capital Solutions PLC, marking another step in the expansion of Ethiopia’s capital market. Ethio Capital Solutions PLC met the regulatory requirements set under the Capital Market Service Providers Licensing Directive No. 980/2024, ensuring its compliance with professional and ethical standards.
Takeaways Financial derivatives are complex financial instruments whose value is derived from another asset. These underlying assets can be stocks, bonds, commodities, currencies, interest rates, or market indexes. Derivatives play a significant role in global financial markets, providing opportunities for risk management and profit generation. Derivatives serve two main purposes: hedging and speculation. Hedging: Reducing
In an exclusive interview with the Ethiopian News Agency (ENA), the CEO of the Ethiopian Securities Exchange (ESX), Tilahun E. Kassahun, confirmed that the exchange has become fully operational, supported by the necessary infrastructure and legal framework. According to Tilahun, ESX is already aligning with international stock market standards and listing requirements in its early
Wegagen Bank has made history by becoming the first company to list its shares on the Ethiopian Stock Exchange (ESX). The announcement was made during the official launch ceremony of the stock exchange, held at the Science Museum in Addis Ababa in the presence of Prime Minister Abiy Ahmed (PhD) and other high-ranking government officials.
Prime Minister Abiy Ahmed (PhD) today officially launched the Ethiopian Securities Exchange (ESX), marking the establishment of the country’s first stock exchange. Ethiopia now joins other African nations in introducing a formal capital market to its financial landscape. During the launch ceremony, the Prime Minister rang the bell to announce the opening of the exchange,
Ethiopia stands on the cusp of a transformative economic journey with the inauguration of its capital market. This milestone not only symbolizes a new chapter in the country’s financial evolution but also presents an opportunity to learn from nations that have walked this path before. From the bustling trading floors of India’s Bombay Stock Exchange
The Ethiopian capital market is poised to become a reality in the first weeks of January. Much has been said about its potential to transform the country’s economy, with some critics questioning why such a significant market has not been established earlier in such a large and diverse nation. To guide its operations, the Ethiopian
The Ethiopian Securities Exchange (ESX) Rulebook of 2024 establishes the rules and procedures governing the operation of the Ethiopian securities market. It includes guidelines for general operations, membership, listing, trading, and disciplinary actions. General Rules The General Rules outline the administration of securities trading and the role of the Exchange in regulating Trading Members. Issuers
The Ethiopian Securities Exchange (ESX) announced the launch of the ESX Academy, a groundbreaking initiative aimed at enhancing investor education, fostering financial literacy, and building the capacity of market participants in Ethiopia’s capital market. Supported by the Financial Sector Deepening Ethiopia (FSDE) and developed in collaboration with Miella Technology PLC, this Academy marks a significant
Siinqee Bank’s shareholders have approved the establishment of an investment bank as part of a broader strategy to enter Ethiopia’s emerging capital market ecosystem. The announcement was made last week at Skylight Hotel, where the Bank’s founding president, Neway Megerssa, revealed that Deloitte, the global consulting firm, has been selected as an advisor to develop
Capital Market
